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A Binance customer email says accounts held with the French entity will close on December 31, 2026 after Binance France failed to obtain authorization under the EU's MiCA framework. Deposits have already been suspended, while accounts with assets will begin accruing management charges on November 29.
Why it matters
The action is confined to the Binance France entity and does not mean Binance's global platform is closing all French users' accounts. That distinction limits the scope of the shutdown, but the MiCA authorization failure still forces affected customers into a defined exit window. They need to move crypto assets before the deadline or accept the Terms of Service governing balances that remain.
Market impact
Binance's customer email sets a 0.025% monthly management fee for accounts still holding assets, with a minimum charge of 10 USDC starting November 29. Crypto assets not withdrawn by December 31 may be converted, transferred or otherwise handled under the Terms of Service. The immediate focus is customer withdrawals from the French entity, not a platform-wide shutdown.
Source: [Binance annonce la clôture des comptes de ses utilisateurs français au 31 décembre — Cryptoast](https://cryptoast.fr/binance-annonce-cloture-comptes-utilisateurs-francais-31-decembre/)
Frequently asked questions
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Which Binance France customer accounts are affected by the Dec. 31 closure?
The closure applies to accounts held with the Binance France entity. It does not mean Binance's global platform is closing all French users' accounts.
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What happens to deposits before Binance France closes customer accounts?
Deposits have already been suspended. Customers with assets need to withdraw them before the Dec. 31, 2026 deadline.
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How much will Binance France charge on balances left in place?
Accounts still holding assets will incur a 0.025% monthly management fee starting Nov. 29, with a minimum charge of 10 USDC.
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What can happen to crypto assets left after the closure deadline?
Assets not withdrawn by Dec. 31, 2026 may be converted, transferred or otherwise handled under Binance's Terms of Service.
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When do the closure and monthly management fee take effect?
The monthly management fee starts on Nov. 29, while customer accounts are scheduled to close on Dec. 31, 2026.
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